The Port of Long Beach has continued to plant roots downtown with the acquisition of an office tower.
The port spent $36 million to buy the property at 100 Oceangate, a 13-story building across the street from the port’s headquarters and less than a 10-minute drive from the port.
The purchase comes as the office vacancy rate in downtown Long Beach reaches an all-time high of 35%, according to data from the Downtown Long Beach Alliance…